Carter Validus buys $16m data center in Tempe, Arizona

Mission-Critical Real estate investment trust Carter Validus has finalized yet another data center purchase, picking up a $16 million facility located in Tempe Arizona, from an unnamed owner [Update: The previous owner has been confirmed as El Dorado Holdings].

Downtown Tempe, Arizona– Wikimedia Commons/Nick Schweitzer

The 40,000 square feet (approx. 3,700 sq m) building is currently being used by a large telco. It includes 15,000 sq ft of white space, 8,711 sq ft of office space, and 20,533 sq ft of warehouse space.

Here, there and everywhere

Built in 1977 and subsequently remodeled in 1983, 2008 and 2011, it is situated next to the long haul fiber-optic highway which traces Phoenix’s Interstate 10. The facility has been fully leased since 1997 by a national provider of wireless voice, messaging, and data services.

“We believe the Tempe Data Center’s premier location, high fiber connectivity, tenant quality, lease solidity and the critical nature of its operations make it an ideal investment for our portfolio,” said John E. Carter, CEO of CV Mission Critical REIT II.